Global Silver Industrial Demand Forecast to Achieve New High in 2023
NEW YORK, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Silver Industrial demand is expected to grow 8% to a record 632 million ounces (Moz) this year.
- NEW YORK, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Silver Industrial demand is expected to grow 8% to a record 632 million ounces (Moz) this year.
- Other key highlights from their presentation include:
Globally, total silver demand is forecast to ease by 10% to reach 1.14 billion ounces in 2023. - Despite the fall, total demand remains elevated by historical standards, making the 2023 figure the second highest in Metals Focus’ data series.
- Industrial demand in 2023 will achieve a new annual high.